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Delta Resources Limited V.DLTA

Alternate Symbol(s):  DTARF

Delta Resources Limited is a mineral exploration company. It is focused on the exploration of two high-potential gold and base-metal projects in Canada. Its flagship project, Delta-1 Property, is located 50 kilometers west of the City of Thunder Bay, Ontario, on the surface and adjacent to the Trans-Canada highway. It has a 100% interest in the Ternowesky property, further expanding its land position at the Delta-1 property in Thunder Bay. The expansive property consists of 443 claim units spanning over seven townships and covering over 93 square kilometers (km2). Its land package covers over 308 square kilometers (km2) in the central portion of the Shebandowan Greenstone Belt. The DELTA-2 property covers 205 km2 in the prolific Chibougamau District of Quebec. The property holds the potential for gold-rich polymetallic VMS deposits, as well as hydrothermal-gold deposits. It also has a 100% interest in the Orebot property and 19 additional claims on strike with the Eureka Gold Deposit.


TSXV:DLTA - Post by User

Bullboard Posts
Post by LIVINGTHEDREAMon Oct 18, 2009 11:09am
277 Views
Post# 16397879

Charts again

Charts againGreat to see the enthusiasm on this board but sometimes the chart can give a better perspective. I dont know how to cut and paste it properly so I will explain it and you can look at your own charting system to verify.

If you look at the 1 year daily chart as well as the 1 year weekly chart you will see a clear cup and handle formation starting from first week of May 09 and cup finishes last week of Sept 09. The handle then forms from there but stops short of completing at .085. If we pass with significant volume and without that dam berg then this will take off.

Remember do your own DD I trade on charts for the most part, being fairly new (5yrs) it offers me more concise trading  and I filter out alot of the unnessasary hype created on these forums. Its not an exact science but its as close to it as I can get. I must admit I take small profits often and using my charts I'm able to have tight stop loss exits...still incur losses but try to make them minimal.

GLTA
Bullboard Posts